The Novus exploration well, 6507/10-2S in the Norwegian Sea resulted in a small oil and gas discovery. The licence operator, Faroe Petroleum, has published more information on their website (http://www.fp.fo/Default.aspx?pageid=1031&NewsItemID=17816 ), of which the key information is as follows: The Faroe-operated Novus exploration well 6507/10-2S in the Norwegian Sea... More
Concedo ASA is pleased with the recent awards in the APA 2013 Round. Seven licences were awarded to Concedo: Four licences in the North Sea, one in the Norwegian Sea and two in the Barents Sea. The Licences awarded to Concedo are: Production Licence: 670 B Block(s): 7/11 Tullow Oil... More
With reference to the PL645 Operators’ (Faroe Petroleum) press release Concedo has the following information. The well is drilled from the drillship West Navigator on behalf of PL645, and was spudded on the 10th November. The Novus prospect is located some nine kilometers to the south of the Statoil- operated, producing... More
Repsol Exploration Norge AS, operator of production licence 541, has completed drilling of wildcat well 4/4-1. The well is dry. The well was drilled about 60 kilometres east of the Trym field in the southern part of the North Sea. The objective of the well was to prove petroleum in... More
The Brattholmen well (4/4-1) was spudded Friday 13th September The Brattholmen well (4/4-1) was spudded Friday 13 th September. The well is drilled from the jack-up rig Mærsk Giant. The exploration well 4/4-1 for the Brattholmen prospect in PL 541 is located in the southern part of the North Sea,... More
Through a farm-in deal with Faroe Petroleum, Concedo ASA has acquired an additional 5% interest in PL645, and has now a total interest of 10% of the licence. Faroe Petroleum (30%) operates PL645, and other partners are Centrica (40%), Skagen 44 (5%), Spike (15%) and Concedo (10%). The Novus prospect... More
Today the Authorities announced the proposed awards in the 22. Concession Round. 36 companies had applied and 29 companies got awards. Unfortunately, Concedo is not on the list of companies getting awards this time. All the areas we applied for have been awarded, and we assume that the competition has... More
